Super Senior Revolving Credit Facility definition

Super Senior Revolving Credit Facility means our super senior revolving credit facility described in “Description of Certain Other Indebtedness—The Super Senior Revolving Credit Facility”, as amended from time to time;

Super Senior Revolving Credit Facility means a revolving facility to be provided to certain Group Companies by a bank (initially Nordea Bank AB (publ)) being a party to the Intercreditor Agreement in an aggregate maximum commitment of the higher of (i) EUR 40,000,000 (or the equivalent amount in any other currency) and (ii) 0.8X Group EBITDA, (the Super Senior Headroom may be added to each such amount), for general corporate purposes (including for the avoidance of doubt acquisitions and working capital purposes) of the Group (and any refinancing, amendments or replacements thereof), amended or replaced from time to time (as the case may be).

Super Senior Revolving Credit Facility means the EUR 35,000,000 credit and guarantee facility provided to the Issuer by Nordea Bank Danmark A/S and any permitted refinancing hereof in accordance with sub-clause (b)(1) of the definition of Permitted Debt.

Examples of Super Senior Revolving Credit Facility in a sentence

• Super Senior Revolving Credit Facility On 27 November 2017, the Parent, with its subsidiaries acting as guarantors, arranged a credit facility with certain financial institutions for a maximum amount of EUR 15,000 thousand to finance its working capital.

• The Super Senior Revolving Credit Facility is not expected to be drawn as of the Issue Date, other than the issuance of guarantees to replace existing performance guarantees entered into in the ordinary course of our business.

• Under the terms of the Intercreditor Agreement, all amounts from time to time received or recovered by the Security Agent under the terms of the Super Senior Revolving Credit Facility and related finance documents, the Super Senior Hedging Documents, the Notes or the Guarantee or in connection with the realisation or enforcement of the Transaction Security will be distributed in accordance with the order of priority for such distribution set out in the Intercreditor Agreement.

• The Issuer shall procure that during each calendar year, there shall be a period of three(3) consecutive days during which the amount outstanding (and in respect of ancillaries, utilised or drawn) under the Super Senior Revolving Credit Facility Agreement (excluding guarantees), less Cash and Cash Equivalents of the Group, amounts to zero (0) or less.

• The Company has obtained consent from lenders under the €130 million Super Senior Revolving Credit Facility (SSRCF) to increase the ratio of Consolidated Total Net Debt to Consolidated EBITDA from 5.50:1 to 6.00:1 for the Relevant Period ending on 31 December 2015 only.

• The Purchasers (Cote Restaurant Group Ltd, Cote Deliveries Ltd and Greenfield Food Supply Ltd) are entities fully owned by Partners.Estimated Recovery: Secured Creditors• The Group’s Secured Debt comprised of c£150m made up of a £10m Super Senior Revolving Credit Facility and £140m Senior Multicurrency Term loan and Revolving Facilities.

• On April 1, 2021 CGG entered into a US$100 million Super Senior Revolving Credit Facility Agreement (“RCF”), secured by the same security package as the 2027 Notes.

• Interest-bearing liabilities On March 15, 2018, Transcom replaced the previous financing agreement by €180,000 thousand Senior Secured Fixed Rate Notes (SSFRN), maturing in March 2023, as well as on the 19th of March 2018 a €45,000 thousand Super Senior Revolving Credit Facility (SSRCF) Agreement with Nordea and Danske Bank both held by the Parent company, maturing in September 2022.

• Additional FacilityThe Issuer may elect to request, subject to certain terms and conditions, the commitment of additional facilities, either as a new facility or as an additional sub tranche or increase of the Super Senior Revolving Credit Facility (the “Additional Facility Commitments”).

• See “Annex B—Presentation of Selected Financial Information Excluding the Impact of OtC”.(4) As at 31 December 2012, R199 million of our Super Senior Revolving Credit Facility was drawn.(5) Assumes all of the 2014 Senior Secured Notes are repurchased pursuant to the Tender Offer or redeemed pursuant to the 2014 Senior Secured Notes Redemption.

More Definitions of Super Senior Revolving Credit Facility

Super Senior Revolving Credit Facility means the senior secured revolving credit facility agreement entered into on July 25, 2014 among, inter alios, Unitymedia Hessen, as borrower, Credit Suisse AG, London Branch, as facility agent and as security agent, and certain banks and financial institutions as lenders, as amended or supplemented from time to time.